Which is a better career option: Tax Accountant or Trader?
Financial Services - 1 Answers
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Answer 1 :
If you mean stock trader or day trader or equity trader, then it depends on your dedication to the job, and your talents and ability to analyze the situation. I know a guy who made about $300,000 over a year or two when the Dow was sliding from about 14,000 to 6,000. When it turned and went up to about 8,000, he lost most of it. I see CPAs who are doing very well in all sorts of markets. When people make money, they need someone to track it for them. When they are losing money, they want to know why. Either way, a good accountant can make money. I suspect the difference is that the trader has the potential to make more of it, but it's riskier. What's your risk tolerance?
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